Don't ditch US, dollar will bounce back - F&C

F&C investment trust manager Jeremy Tigue says although a pound may be over the $2 mark, there are still opportunities to be found. "The last time it (the dollar) was pitted against the pound at over $2 for any significant length of time was in 1979 at the beginning of the North Sea oil boom, which lead to a sharp spike in oil prices, he says. UK investors saw the currency value rise from $1.60 to $2.40. Tigue says today’s exchange rate has totally different characteristics. “From a high of $1.38 to the £1 on 13 June 2001, the dollar has felt the strain of a widening budgetary and trade...